Question

Total amount if $500 is invested at 4% compounded annually for 10 years

Answer 1

P(10) = P(2.7183) ^ 0.04 times 10
P(10) = P(2.7183) ^ 0.4
P(10) = P(1.49182868673)
P(10) = 745.914343367
Rounded, it would be 746. Hope it helps! :)